Cash Flow
| SEK thousands | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
| Cashflow from operating activities | ||||||
| Before changes in working capital | 61,400 | 76,686 | 91,845 | 53,358 | 136,818 | 108,024 |
| Changes in working capital | -1,070 | -53,923 | 20,667 | 89,222 | -22,891 | -47,524 |
| Cash flow from operating activities | 60,330 | 22,763 | 112,512 | 142,580 | 113,927 | 60,500 |
| Acquisition of subsidiary, cash & cash equivalents | 2,868 | -2,970 | 0 | 0 | 0 | 0 |
| Acquisition of intangible assets | -4,921 | -6,486 | -3,845 | -3,474 | -4,828 | -265 |
| Acquisition of tangible non-current assets | -7,868 | -7,264 | -8,732 | -5,490 | -5,680 | -8,059 |
| Sale of tangible non-current assets | ||||||
| Business combinations | 0 | 0 | 0 | 0 | 0 | 0 |
| Sale of subsidiary | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments/sale of investments | 25,417 | 1,112 | 0 | 0 | 0 | 0 |
| Cash flows from investing activities | 15,496 | -15,608 | -12,577 | -8,964 | -10,508 | -8,324 |
| Repayment of loans | -37,136 | -25,000 | -18,153 | -94,890 | -19,000 | -80,000 |
| Amortization of lease liability | 0 | 0 | -47,218 | -28,183 | #REF! | -23,068 |
| Loan proceeds | 150,000 | 50,000 | 0 | 40,000 | 0 | 30,000 |
| Issuance of bond loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Repurchase of bond loan | -135,470 | 0 | 0 | 0 | 0 | 0 |
| Issue of warrants/convertibles | 0 | 0 | 0 | 0 | 0 | 0 |
| Overdraft facility | 0 | 0 | 7,242 | -7,242 | 0 | 0 |
| Aquisition of minority shares | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend/distribution | -50,297 | -50,297 | -50,297 | 0 | #REF! | -62,871 |
| Cash flow from financing activities | -72,903 | -25,297 | -108,426 | -90,315 | -19,000 | -135,939 |
| Cash flow for the year | 2,923 | -18,142 | -8,491 | 43,301 | 84,420 | -83,763 |
| Cash & cash equivalents at beginning of year | 48,948 | 52,620 | 36,388 | 29,002 | 70,235 | 157,866 |
| Translation difference in cash & cash equivalents | 749 | 1,910 | 1,105 | -2,068 | 3,211 | 3,052 |
| Cash & cash equivalents at year-end | 52,620 | 36,388 | 29,002 | 70,235 | 157,866 | 77,155 |
Analysis in Swedish from Erik Penser Bank:
